VP - IFRS Controllership [T500-23279]

About Us:

MUFG Bank, Ltd. is Japans premier bank, with a global network spanning more than 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide.

In Asia, MUFG has a presence across 20 markets Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

It has also formed strategic partnerships with some of the most prominent banks in Southeast Asia, further augmenting its unrivalled network across the region VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia.

MUFG Enterprise Solutions India Private Limited:

Established in 2020, MUFG Enterprise Solutions India Private Limited (MES India) is 100% subsidiary of MUFG Bank Ltd having offices in Bengaluru and Mumbai. MES India has been set up as a Global Capability Centre / Centre of Excellence to provide support services across various functions such as Finance, IT, KYC/ AML, Credit, Operations etc. to MUFG Bank offices globally. MES India has plans to significantly ramp-up its growth over the next 18-24 months while servicing MUFGs global network across Americas, EMEA and Asia Pacific

About the Role:

Position Title: IFRS Lead

Corporate Title: VP, Finance - Reporting

Location: MGS - Bengaluru

Job Profile:

Roles and Responsibilities:

We are seeking a highly skilled finance professional to join our Financial Reporting & Accounting Control (FRC) team. This role is central to ensuring accurate IFRS reporting, strong financial controls, and effective governance across MUFG Americas.

The position offers exposure to complex financial instruments, global stakeholders, and end to end reporting processes within a dynamic and fast-growing environment.

Key Responsibilities:

Financial Accounting & Controls:

• Perform daily and monthly general ledger controls and reconciliations.
• Manage revenue reconciliations between Oracle Financials and Product Control P&L.
• Support expense management, cost allocations, and recharge processes.
• Conduct detailed balance sheet substantiation using third party evidence.
• Support hedge accounting documentation and processing.

Financial Reporting (IFRS):

• Prepare timely, accurate IFRS reports for statutory, regulatory, and management reporting.
• Perform deep analytical reviews to explain business performance and financial drivers.
• Automate and enhance reporting processes using Business Intelligence tools.

Month-End Support:

• Assist Revenue and Cost teams with closing activities.
• Provide insights into P&L, balance sheet movements, and financial instrument impacts.

Cross Functional Collaboration:

• Work closely with trading desks, risk, product control, and global finance teams (including Tokyo).
• Liaise with external auditors during interim and year end audits.

Governance, Documentation & Continuous Improvement:

• Maintain detailed process documentation and support knowledge-sharing within the team.
• Drive process improvement initiatives, system enhancements, and control upgrades.
• Contribute to new product approval processes, ensuring correct accounting and control considerations.
• Participate in team rotations for broader product exposure.

Other Responsibilities:

• Support ad-hoc tasks and regulatory requirements as needed.
• Ensure entity level governance and compliance across MUFG businesses in Americas

Skills & Experience:

Technical Skills:

• Strong knowledge of IFRS
• Advanced Excel/VBA skills; familiarity with financial and reporting systems.
• Strong analytical, problem solving, and attention-to-detail capabilities.

Professional Competencies:

• Excellent verbal and written communication skills.
• Highly proactive, accountable, and capable of operating with urgency.
• Strong judgment and decision-making ability.
• Ability to work under pressure while maintaining high-quality output.
• Logical, structured approach with a solutions-oriented mindset.

Qualifications:

• Bachelors or masters degree in accounting, Finance, or related field.
• Recognized accounting qualification (ACA, ACCA, CPA preferred).
• Experience in financial reporting, accounting control, or Big 4 audit (controls/governance focus ideal).

What We Offer:

• Exposure to complex financial products and global markets.
• Opportunities for rotation, cross-training, and professional development.
• A collaborative international working environment.
• Involvement in strategic finance transformation initiatives.

How Your Performance Will Be Assessed:

• Evaluated under MUFGs performance framework across relevant entities.
• Responsibilities may evolve, with periodic role reviews to reflect business needs.
• Strict adherence to regulatory requirements, governance standards, and entity-neutral execution.